Daijiworld Media Network – Mumbai

Mumbai, Aug 30: Remittances by Indians for studies abroad fell to a five-year low of $138.8 million in June 2025 as countries tightened restrictions on Indian students, industry experts said.

The amount is less than half of the $314 million average over the last five years and far below the $718 million recorded in September 2021. Spending on travel, however, continues to exceed the five-year average of just over $1 billion. Overall remittances stood at $2.1 billion, the lowest since February 2025.

Hariprasad MP, executive director & business head of Ebix World Money, said, “We are seeing student remittances down by 10-15%, largely due to the US and Canada. US student remittances are down nearly 30% from a year ago because of visa restrictions. Canada is also lower. The UK has been the biggest gainer, while Australia and other destinations have restrictions and are turning down visa applications from certain geographies.”

Several popular study destinations, including Australia, Canada, the US, and the UK, introduced stricter visa and enrolment requirements for Indian students in 2025.